The GDP or gross domestic product of Indian economy expanded at better than expected pace of 8.9 per cent in the second quarter of this fiscal, analyst were expecting that GDP will grow at 8.8 percent this quarter but GDP growth of India exceed it and came at 8.9 percent. India’s GDP grew by 8.9% in the July to September quarter as against 8.7% in the same period of the previous fiscal year.
Gross Domestic Product is the value of all the goods and services produced in a country. The gross domestic product is one the primary indicators which is used to measure the health of a country’s economy. This impressive figure of GDP has heightened the hopes that India GDP will touch two figures in next 1 to 2 years. This growth in GDP is highest after the china GDP growth among all the countries in the world.
Though a strong GDP is a good indicator but still inflation along with some of the major scams which have hit the news recently is a major concern for India and perhaps that is the reason why Indian stock markets were at best subdued even after such strong GDP numbers.